Miami mortgage broker

What is a Reverse Mortgage?

While you may have heard about a reverse mortgage loan, do you really know what it is? When you hear “loan”, you conclude you owe something. However, when associated with “reverse”, what is its meaning?

Are you over 62 years old? A reverse mortgage loan, or house equity conversion, is available to seniors 62 years old or older. This tool aids senior homeowners in their retirement years. Why? Because when their income is not as it was during their younger, more productive years, this tool allows seniors to transform a part of their home’s equity into a certain amount of money. Instant money is available to the elderly without needing to sell their house. The also don’t need to make additional regularly monthly mortgage payments.

How a Reverse Mortgage Helps Seniors

Reverse mortgage loans permit senior citizens to access their home’s equity. There are two ways you may this off. The repayment can be deferred until you pass away. Or, you may liquidate it when you vacate the house you currently own. Subsequently, this is a great opportunity for the elderly. Since they make no payments, it provides liquidity in retirement. A reverse mortgage is an excellent financial tool. The interest on the loan is added to the loan balance itself every month.

Why Work with Mario Quintero

Is a reverse mortgage right for you? Are you still confused on the benefits this loan may provide you? Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Miami Real Estate Market is 4th Largest in the US

Miami ranks 4th in the nation in total home value. According to Zillow, the total value of all homes in the United States in early January 2018 is now $31.8 trillion after gaining $2 trillion in 2017. The cumulative value of the U.S. housing market grew at its fastest annual pace – 6.5 percent – in four years. Moreover, the value of all U.S. homes rose 8 percent annually in the early stages of the housing recovery in 2013.

Fast FAQs:

Total U.S. housing market gained $2 trillion in value in 2017.

The value of all U.S. homes grew 6.5 percent in 2017, the fastest pace in four years.

Los Angeles, New York and San Francisco are the most valuable housing markets, each worth more than $1 trillion.

For many households, a home is the single largest source of wealth, but the collapse of the housing market and the ensuing Great Recession demonstrated the importance of housing to the U.S. economy as well. The housing market has gained $9 trillion since the lowest levels of the recession.

A Record Year

The value gained in 2017 alone is equivalent to more than the valuation of two companies the size of Apple. Over the past year, the U.S. housing market has gained $1.95 trillion, while Apple recently hit a market value of $900 billion, the first U.S. company to do so.

This was a record year for home values as the national housing stock reached record heights in 2017,” said Zillow® Senior Economist Aaron Terrazas. “Strong demand from buyers and the ongoing inventory shortage keep pushing values higher, especially in some of the nation’s booming coastal markets. Renters spent more than ever on rent this year, but the amount they spent grew at the slowest pace in recent years as more renters transitioned into homeownership and new rental supply slowed rent growth across the country. Despite recent changes to federal tax laws that have historically made homeownership financially attractive, the long-term dynamics pushing up home values and rents are unlikely to change significantly in 2018.”

Why Work with Mario Quintero

Do you doubt what our good friends at CNBC are predicting? Home prices are set to rise in Miami and across the entire USA. Are you in the market looking to buy, sell, rent or lease a property? Mario Quintero has been in the mortgage business since 2002. Mario’s experience is tested and true. Mario has helped hundreds of families purchase their dream homes and secure competitive financing.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a VA, conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Home Prices Are Set to Soar in 2018

courtesy of Diana Olick, CNBC

The temperature may be frigid across much of the nation, yet home prices are sizzling and sellers are in the hot seat. Home prices in Miami will also continue to rise. Will you be ready and buy prior to this increase or will you be left behind?

Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic.

That is the third straight month at that pace, far higher than the price gains in the first half of 2017. Low supply and high demand are fueling the spurt and neither of those is expected to ease up anytime soon.

Supply is actually falling even more now, and a strengthening economy is pushing demand. This will have potential buyers out early this year, trying to get a jump on the spring market.

“Rising home prices are good news for home sellers, but add to the challenges that home buyers face,” said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

Without a significant jump in home construction, prices will remain high and likely move higher. Mortgage rates could also move slightly higher, and new tax policy limiting mortgage and property tax deductions, is hitting homeowners in some states hard.

Why Work with Mario Quintero

Do you doubt what our good friends at CNBC are predicting? Home prices are set to rise in Miami and across the entire USA. Are you in the market looking to buy, sell, rent or lease a property? Mario Quintero has been in the mortgage business since 2002. Mario’s experience is tested and true. Mario has helped hundreds of families purchase their dream homes and secure competitive financing.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a VA, conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Heading to Miami’s Art Basel this Weekend?

Some 268 of America’s top galleries and art museums will be showing us what they’ve got at annual contemporary art bonanza, Art Basel Miami Beach 2017. Since its launch in 2002, Art Basel has become North America’s premier art fair. Because of this, expect amazing contemporary paintings, films and videos, sculptures, drawings, photography, digital art and installations from more than 4,000 artists. You might even see them if you can tear yourself away from the parties and buzzing rooftop bars. Take a road trip or book your flight and use our guide for all your art, event, party, eating, drinking and hotel needs.

What is Art Basel Miami Beach?

First staged in 2002, Art Basel Miami Beach is an annual art show held at Miami Beach. Art Basel Miami stages three major fairs each year. These are held in Hong Kong, Basel and Miami Beach. Art Basel focuses on modern and contemporary art. It puts more than 250 galleries and 4,000 artists from across the globe in front of the art world’s top curators, museums and collectors. Hence, the weekend of Art Basel has become a major draw for Miami. as it showcases major events held in conjunction with the show. As an added bonus, have fun celebrity-spotting.

When is Art Basel Miami?

Art Basel Miami Beach is held December 7, 2017, through December 10, 2017.

Why Work with Mario Quintero

Art adds great value to your home. Mario’s wife, Claudia Quintero, has a keen eye for art and home design. Moreover, Mario has been in the mortgage business since 2002. Mario’s experience is tested and true. Mario has helped hundreds of families purchase their dream homes and secure competitive financing.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a VA, conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

Who Qualifies for a Reverse Mortgage?

A reverse mortgage is a unique financial instrument designed to benefit property owners age 62 and older. Though we help individuals with all types of loans, Miami-based Strock & Tanner Mortgage specializes in a reverse mortgages. Clients for a reverse mortgage are seniors searching for a way to tap their home’s equity without having to repay the loan while they still live in their home.

How does a Reverse Mortgage work?

A reverse mortgage pays you by returning you the equity in your home. You do not have to repay the proceeds until death. So, you may live in the home comfortably without making mortgage payments. You are still responsible for insurance and taxes. Many Florida seniors are you using a Florida reverse mortgage today in order to offset their retirement. This tool allows for the optimum quantity of flexibility to resolve your specific financial requirements and needs.

Say, for instance, you need to pay healthcare expenses or any other regular payments to help subsidize your monthly income and earnings. Unlike standard and traditional home equity loans, you do not have to repay a reverse mortgage until you die. You must continue living in this house, however.

Why Work with Mario Quintero

Is a reverse mortgage right for you? Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the reverse mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and supplement their retirement through a reverse mortgage.

Get in Touch with Mario

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.

To Buy or To Rent in Miami? That is the Question…

Real estate is tricky especially if you happen to be a picky person. This is proven to be true because picky people have all these ideas in their minds of what they want and hope they can match to their taste. Buying versus renting can be a strategy, depending upon your objectives. So, the question remains, do you buy or rent in Miami?

As a homeowner, you need to think about how long you are anticipating on staying in the house. Also, how much maintenance will the property require?. Renting a house is always a popular option because you are not stuck permanently. However, the downside here is that you have monthly or recurring payments to follow with no vested ownership. On the other hand, buying a house is great, too, because if you have a family and are looking to settle down this is probably the better option for you.

Are you in the market for a property? Are you having trouble finding an affordable property? I help people reach their goals. Whether you want to sell or buy for the first time, refinance your existing loan, purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Because of this, let me be both your trusted Miami realtor and Miami mortgage broker.

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage..

What Summer Slump?

Real estate in South Florida fluctuates depending on the season. While summer is considered to be slow due to the weather here in Miami, there’s no summer slump here. We’re as busy as ever in the ReMaxx/Quintero Team. There’s no real estate slump in our office.

There are key factors to consider whether you are looking to buy or rent a house. The first and most important one is location. As the saying goes, “location, location, location”. We cannot stress enough how important it is to find a location convenient for you, where real estate will continue to appreciate. Whether the purchasing process takes one day or one year, it makes a difference knowing that you will be comfortable in the house of your dreams.

Are you in the market for a property? Are you having trouble finding an affordable property? I help people reach their goals. Whether you want to sell or buy for the first time, refinance your existing loan, purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Because of this, let me be both your trusted Miami realtor and Miami mortgage broker.

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage..

Mortgage Strategies for the Self-Employed

Do you remember the “no-doc” real estate financing loans pre-financial crisis? Are you among the ranks of self-employed, successful entrepreneurs in Miami wanting to either purchase another home? Or, do you wish to invest in additional real estate because you’d like to diversify your assets? Unfortunately, however, you can’t because you have issues with the current financial environment vis a vis securing a reasonable interest rate with a reputable lender. Because of this, what you need are mortgage strategies for the self-employed.

Are you a successful entrepreneur searching for financial strategies to help you secure additional property? Are you in the market for a property? I help people reach their goals. I’m in the business of helping people achieve their dreams. In today’s challenging financing environment, the team at STC Loans employs diverse financial strategies to help you achieve your goals of acquiring additional real estate.

Whether you want to sell or buy for the first time, refinance your existing loan, purchase an investment property, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Because of this, let me be both your trusted Miami realtor and Miami mortgage broker.

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage..

Home Loan Applications Are On the Rise

Homebuyers and homeowners saw a rip in the ever-rising interest rate continuum last week and jumped right in. Miami home loan applications are on the rise.

Interest rates fell last week to the lowest level since November, and the seasonally adjusted mortgage volume jumped accordingly, up 7.1 percent, according to the Mortgage Bankers Association. Still, volume was 16 percent lower than the same week a year ago, when rates were lower.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $424,100 or less decreased to 4.14 percent, from 4.17 percent, with points increasing to 0.34 from 0.32, including the origination fee, for 80 percent loan-to-value ratio loans. As a reference point, mortgage rates jumped from 3.77 percent to 4.16 percent in the two weeks following the election of Donald Trump last November.

Loan applications to purchase a home jumped 10 percent from the previous week, seasonally adjusted, and now stand 5.5 percent higher than one year ago. Purchase volume has been decidedly weak this spring, as home prices overheat due to the tight supply of homes for sale.

The refinance market got a little boost from low rates as well last week, increasing 3 percent. Refinances are extremely rate-sensitive, and rates were below 4 percent last year. Refinance volume remains 34 percent lower than one year ago.

Miami Home Loan Mortgage Applications

Miami is no different. We’re seeing unprecedented sales in the Miami housing market. Despite the increase in housing prices, the Miami housing market remains one of the hottest in the country.

Have you locked in your home loan application yet? What are you waiting for? I help people reach their goals. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage..

It’s cheaper to buy a home than rent, but only if you can find one.

Home prices continue to rise at a fast clip, faster than incomes and faster than new employment, but it is still cheaper to own a home than to rent. There are crazy few affordable homes for sale. So, should you buy vs. rent in Miami?

The supply of listings in April fell 9 percent compared with a year ago, and, in turn, the number of days it took to sell the average home dropped to just 29, the lowest since the National Association of Realtors began tracking that in 2011. There was a big increase in the number of listings that came on the market this spring, but they were swept up so quickly that supplies were still lower.

“The two biggest phrases in the realtor comments this month were ‘low inventory’ and ‘multiple offers.'”

Are you in the market for a property? Are you having trouble finding an affordable property? I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage..